APPOINTMENT OF AGENTS AND SUB. CUSTODIANS. The Bank may appoint one or more banking institutions, including but not limited to banking institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub-Custodians of Securities and moneys at any time owned by any Series, upon terms and conditions specified in Written Instructions. The Bank shall use reasonable care in selecting a Depository and/or Sub-Custodian located in a country other than the United States ("Foreign Sub-Custodian"), and shall oversee the maintenance of any Securities or moneys of the Trust by any Foreign Sub-Custodian.
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Samples: Mutual Fund Custody Agreement (Coventry Group), Mutual Fund Custody Agreement (Islamia Group of Funds), Mutual Fund Custody Agreement (Questar Funds Inc)
APPOINTMENT OF AGENTS AND SUB. CUSTODIANS. The Bank may appoint one or more banking institutions, including but not limited to banking institutions located in foreign countries, to act as Depository or Depositories or as Sub-Custodian or as Sub-Custodians of Securities and moneys at any time owned by any Series, upon terms and conditions specified in Written Instructions. The Bank shall use reasonable care in selecting a Depository and/or Sub-Custodian located in a country other than the United States ("Foreign Sub-Custodian"), and shall oversee the maintenance of any Securities or moneys of the Trust Company by any Foreign Sub-Custodian.
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